Bitcoin’s drop below $93,000 marks its lowest price in seven months, with analysts citing technical weakness after falling under the 50-week moving average.
On November 18, Bitcoin fell below $93,000, marking a seven-month low with a 13.4% decline over the past week and a 2.8% fall in the past 24 hours. The drop has brought caution to the crypto market as analysts note Bitcoin has slipped below its 50-week moving average, a technical signal often viewed as bearish. The decline follows ongoing volatility and weak sentiment across digital asset markets.